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$1,499,000Asking Price

370 Simcoe Street, Oshawa, ON L1H 4J3

Central, Oshawa

Detached
6 + 1
Bedrooms
5
Baths
10
Parking
Days on Market

Rare opportunity to own a fully renovated home with 3 self contained units in downtown Oshawa. This stunning Century Home has been updated throughout with new hardwood flrs, new roof, 5 baths, 3 kitchens, and modern systemsideal for multi-family living, biz use, or as a high-potential Income Property. Zoned PSCA, this property supports a wide range of multi-residential and commercial/industrial uses including but not limited to automotive, educational, medical and retail. Currently tenanted with 3 income streams generating approx. $7,500/mo (tenants can stay or vacate by summer). Grandfathered-in neon sign included and may be digitizedgreat visibility on one of Oshawas busiest streets! 10-car prkg onsite. Located steps from transitGO Bus & Pulse at the doorand minutes to the new GO Station, Hwy 401 & 407, Ontario Tech U, Durham College, and 2 Costco locations. Surrounded by new development and downtown renewal, offering huge upside. Property is financed residential by current owner with possibility of a low rate assumption by qualified buyer. VTB available. Builders and developers are encouraged to entertain land assemblies with neighbours who may be open to selling. Otherwise, perfect for investors looking to make an office on the main floor and residential above while holding for higher development values. This could be the anchor property in your portfolio! Don't miss the chance to potentially buy into future leverage! Live, work, or invest in this highly visible, turn-key property in the heart of Oshawas growth corridor. A rare find that combines history, flexibility, and income potential.

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Tour this home:

Rare opportunity to own a fully renovated home with 3 self contained units in downtown Oshawa. This stunning Century Home has been updated throughout with new hardwood flrs, new roof, 5 baths, 3 kitchens, and modern systemsideal for multi-family living, biz use, or as a high-potential Income Property. Zoned PSCA, this property supports a wide range of multi-residential and commercial/industrial uses including but not limited to automotive, educational, medical and retail. Currently tenanted with 3 income streams generating approx. $7,500/mo (tenants can stay or vacate by summer). Grandfathered-in neon sign included and may be digitizedgreat visibility on one of Oshawas busiest streets! 10-car prkg onsite. Located steps from transitGO Bus & Pulse at the doorand minutes to the new GO Station, Hwy 401 & 407, Ontario Tech U, Durham College, and 2 Costco locations. Surrounded by new development and downtown renewal, offering huge upside. Property is financed residential by current owner with possibility of a low rate assumption by qualified buyer. VTB available. Builders and developers are encouraged to entertain land assemblies with neighbours who may be open to selling. Otherwise, perfect for investors looking to make an office on the main floor and residential above while holding for higher development values. This could be the anchor property in your portfolio! Don't miss the chance to potentially buy into future leverage! Live, work, or invest in this highly visible, turn-key property in the heart of Oshawas growth corridor. A rare find that combines history, flexibility, and income potential.

Key Info

  • 2.5-Storey Detached
  • 10-Car Driveway
  • No Garage
  • Simcoe Street South / Olive Avenue
  • 3000-3500 Approximate Sq Feet
  • 100+ Years Approximate Age
  • Basement Apartment
  • 3 + 1 Kitchens
  • Baseboard Electric Heating
  • No A/C

Property

  • Lot Size 60.06 x 164.1 Feet
  • < .50 Acreage
  • Brick Exterior
  • Taxes were $6,554 in 2024
  • Possession: June/July/August

Details

  • No Fireplace
  • No Family Room
  • Sewers
  • Municipal Water
  •  
  • MLS #E12077213
  • THE REALTY MARKET INC

Extras

Room Floor Dimensions Details
Washroom5 Bathrooms

Who lives here?

Central, Oshawa is an east GTA neighbourhood notable for its singles, renters and tradespeople. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 34, 25 to 34, 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 69.

Families

Kids Per Family

1.1

kids per family
in the neighbourhood.

Oshawa  (1.2)
Gta  ({{ '1.29999995231628' | number: 1 }})

Singles

60% of residents are
single and loving it.

60% singles

Oshawa (47%)
Gta ({{ '44.8800010681152' | number: 0 }}%)

Renters

52% of residents
are renters.

52% renters

Oshawa (32%)
Gta ({{ '33.0200004577637' | number: 0 }}%)

Education

11% of residents are
university grads.

11% university grads

Oshawa (19%)
Gta ({{ '43.6699981689453' | number: 0 }}%)

Income

Average Household Income

$64K

is the average household
income in the neighbourhood.

Oshawa  ($99K)
Gta  ({{ '135056.828125' | minifiedCurrency }})

Professions

Professions

Sales 14%
Trades 13%
Business 7%
Government 5%
Management 4%

Immigrants

14% of residents were
born outside of Canada.

14% immigrants

Oshawa (18%)
Gta ({{ '45.4300003051758' | number: 0 }}%)

Birthplace - All

UK was once home to 2.3% of immigrants.
Caribbean 1.3%
Poland 0.8%
Philippines 0.8%
Jamaica 0.8%

2.3% from UK
All-time

Birthplace - Recent

India was once home to 0.3% of immigrants.
Philippines 0.3%
UK 0.2%
Other South America 0.2%
Pakistan 0.1%

0.3% from India
Recent

Foreign Languages

Foreign Languages

French 2%
Polish 2%
Portuguese 1%
Italian 1%
Urdu 1%

Religions

Religions

Christian 62%
Muslim 2%